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Dec 13, 2012
12/12
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we are seeing seoul's kospi up and over in australia the benchmark is trading unchanged at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion ofore th bilon eos in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target of 30 million barrels a day. they say supply is sufficient and prices are appropriate for the moment. prices in new york of benchmark crude futures have been relatively stable since the summer at just around $85 a barrel. this is against a background of slower economic recovery. opec expects demand for crude to rise as the dplo
we are seeing seoul's kospi up and over in australia the benchmark is trading unchanged at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to...
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Dec 4, 2012
12/12
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KRCB
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let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net loss for the current fiscal year of $5.5 billion. that's due to the slump in its main tv and crystal liquid sectors. strengthening its financials is essential if the firm will have hope for its business. the two companies plan to develop next generations screens. sharp's expertise will help provide qualcomm with high panels. they are developing the screens for smart phones. media mogul rert murdoch will split into two corporations next year. under the plan announced on monday the reorganized news corporation will manage newspapers and other publications. a new group will focus on entertainment including tv and movies. the decision to split comes after a phone hacking scandal at e of murdoch's newspapers in britain last year. murdoch is expected to maintain firm control over the new companies. he plans to manag
let's take a look at australia. it's trading lower by almost a third of a percent. there's hope for floundering bas bas basic electronics firm sharp. the firm is expected to receive part of the that sum as early as this month. sharp is forecasting a record net loss for the current fiscal year of $5.5 billion. that's due to the slump in its main tv and crystal liquid sectors. strengthening its financials is essential if the firm will have hope for its business. the two companies plan to develop...
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Dec 20, 2012
12/12
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KCSM
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let's also take a look at australia. that's trading higher by over .1 of a percent. >>> ubs will pay about $1.5 billion in fines. that's for rigging key interest rates. the total amount that ubs will pay is greater than that of british bank barkleys. they paid over $400 million in fines for its wrong doing. ubs admitted that its employees across its global network has manipulated the london interoffice rates. the rate is used as a global benchmark for financial trading. at least 45 ubs employees were involved in the manipulation or recognized the ilegality their contact. the former trader urged his colleagues to make forged reports on the key rate. he also reportedly predicted when they are predicted by 0.01% point he could make a profit of over $1 million. that is the latest in business headlines. here is a check on regional markets. >>> a party inquiry has come upon bbc. it criticizes executives for the case. the management had been suspected of exerting pressure in an attempt to cover up the scandal. the report says i
let's also take a look at australia. that's trading higher by over .1 of a percent. >>> ubs will pay about $1.5 billion in fines. that's for rigging key interest rates. the total amount that ubs will pay is greater than that of british bank barkleys. they paid over $400 million in fines for its wrong doing. ubs admitted that its employees across its global network has manipulated the london interoffice rates. the rate is used as a global benchmark for financial trading. at least 45 ubs...
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Dec 11, 2012
12/12
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KCSM
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let's take a look at australia. it's trading higher by nearly half a percent. intelligence experts in the united states have released their predictions for global trends in the lead up to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese economy will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some nations may begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nea
let's take a look at australia. it's trading higher by nearly half a percent. intelligence experts in the united states have released their predictions for global trends in the lead up to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese...
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Dec 5, 2012
12/12
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KRCB
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looking at australia, the benchmark index is trading higher by 1/10 of a percent, 4,508. modest moves so far this morning in the asia pacific. >>> japan and india launched a new framework to provide bilateral credit in u.s. dollars. the aim is to ease the impact of possible turmoil in the global financial markets on asia. the two countries worked out the details on tuesday. japan's prime minister and his indian counterpart had signed the currency agreement a year ago. under the framework both countries will be able to exchange up to $15 billion over the next three years. the two countries had a similar currency deal in 2008 when the global financial crisis hit asia. recently india's rupe has been sold as many investors pulled their money out of the country in the wake of the european debt crisis. sharp will get funds from qualcomm under a capital and business tie up. the struggling electronics giant said it will get up to $120 million from qualcomm by march of next year. the two firms will also jointly develop new panels at a sharp plant in western japan. sharp is forecas
looking at australia, the benchmark index is trading higher by 1/10 of a percent, 4,508. modest moves so far this morning in the asia pacific. >>> japan and india launched a new framework to provide bilateral credit in u.s. dollars. the aim is to ease the impact of possible turmoil in the global financial markets on asia. the two countries worked out the details on tuesday. japan's prime minister and his indian counterpart had signed the currency agreement a year ago. under the...
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Dec 19, 2012
12/12
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KRCB
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and in other markets in the asia pacific region, australia's benchmark is up about half a percent, 4,620. and in south korea the kospi is closed today for the presidenal electio and on to currencies now. the dollar is trading higher against the yen on expectations the u.s. policy makers will make an agreement to avoid the fiscal cliff by the end of the year. the dollar/yen is now changing hands at 84.34 to 39. and the euro/yen is trading near the highest level in one year and four months. the pair is now quoted at 111.56-59. >>> and now one of the big reasons for the rise in the value of the euros that the andard & poor's has upgraded greece's sovereign credit rating by six notches. the ratings agency cited the country's commitment to debt reduction and monetary injections by international lenders. s&p raised greece's credit rating on tuesday from selective default to b-minus. the new rating is still low and not suited to investment, but s&p officials say the outlook is stable. the greek government bought back sovereign bonds from commercial banks and the private sector earlier this mont
and in other markets in the asia pacific region, australia's benchmark is up about half a percent, 4,620. and in south korea the kospi is closed today for the presidenal electio and on to currencies now. the dollar is trading higher against the yen on expectations the u.s. policy makers will make an agreement to avoid the fiscal cliff by the end of the year. the dollar/yen is now changing hands at 84.34 to 39. and the euro/yen is trading near the highest level in one year and four months. the...
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Dec 28, 2012
12/12
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KRCB
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let's take a look at australia. the benchmark index is there is trading higher, 4,685. looks like a positive start to the asia-pacific so far this friday. we'll see where trading takes us. here's a look at some other markets. >>> myanmar's president spoke the nation on wednesday in a speech broadcast state run television and radioations he described his country as falling far short of the international standards for good governance and urged government workers to do more. >> the president also said reforms are needed from the grassroots level up to the level of the central government. he called for the cooperation of bureaucrats as well as the general public to achieve a government free of corruption. he has been president since march of 2011. he has since been promoting a package of democratization and economic reforms. his efforts won the agreements of western countries to ease economic sanctions imposed during myanmar's military regime. now he's trying to turn around the country's economy, which is the weakest among asean member countries. myanmar has the geopolitica
let's take a look at australia. the benchmark index is there is trading higher, 4,685. looks like a positive start to the asia-pacific so far this friday. we'll see where trading takes us. here's a look at some other markets. >>> myanmar's president spoke the nation on wednesday in a speech broadcast state run television and radioations he described his country as falling far short of the international standards for good governance and urged government workers to do more. >> the...
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Dec 27, 2012
12/12
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KCSM
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in australia the benchmark index is trading just a touch higher up 1/5 of a percent at 4,643. the new finance minister says the issuance of more government bonds may be needed to secure funds for the fiscal 2012 supplementary budget. his comment follows the prime minister's inauguration. >> the former government failed to pull japan out of deflation. it's important for the public to feel japan's economy has improved. >> aso said he doesn't have to abide by the ceiling of $515 billion for bond issuance set by the former government. on the issue of a consumption tax hike scheduled for april 2014, aso said in the past there was a shortfall in government revenue despite tax increases. he says he has to form budgets carefully to prevent a recurren recurrence. chief cabinet secretary yos yoshi hirasuda spoke out against the next bank of japan governor and says it should be someone to -- views on ending deflation. the current governor will step down in april when his term expires. cabinet ministers can appoint the new governor with diet approval. >> the prime minister has stated his
in australia the benchmark index is trading just a touch higher up 1/5 of a percent at 4,643. the new finance minister says the issuance of more government bonds may be needed to secure funds for the fiscal 2012 supplementary budget. his comment follows the prime minister's inauguration. >> the former government failed to pull japan out of deflation. it's important for the public to feel japan's economy has improved. >> aso said he doesn't have to abide by the ceiling of $515...
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Dec 12, 2012
12/12
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KRCB
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taking a look at australia, the benchmark index there is trading higher by 0.3%, 4,589. >>> china has become the world's biggest processor of patent applications, overtaking the u.s. for the first time last year. the world intellectual property organization says china's patent office received more than 526,000 applications in 2011. that's up 35% from the previous the united states received 503,000 applications. japan came in third with 342,000. that's slightly down from the previous year. china overtook japan in 2010. >>> more business headlines for you next hour. i'm going to leave you with a check on markets. >>> this just coming into us right now. breaking news. the japanese government has announced that officials in north korea have launched a missile. government officials say the north koreans went ahead with the launch at 9:49 local time this morning. they said the missile went off in a southerly dictio th nth koreansayhey were launching a rocket to put a satellite into orbit, but leaders in seoul and elsewhere say they were carrying out a test of a long-range ballistic missile.
taking a look at australia, the benchmark index there is trading higher by 0.3%, 4,589. >>> china has become the world's biggest processor of patent applications, overtaking the u.s. for the first time last year. the world intellectual property organization says china's patent office received more than 526,000 applications in 2011. that's up 35% from the previous the united states received 503,000 applications. japan came in third with 342,000. that's slightly down from the previous...
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121
Dec 14, 2012
12/12
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KRCB
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in australia the benchmark index is trading flat, 4,585. we'll see where china related markets take us when they open over the next hour. >>> finance ministers from the 17 you're yo zone nations have agreed to give an additional loan of nearly $45 billion to greece. they say the debt reduction plan is on its way. the loan will be granted as early as next week. at a meeting last month, the euro zone nation ministers agreed in principle on aid for greece after the government carried out austerity and other measures as preconditions for additional loans. at that time they suspended the final decision on loans. they said they needed to determine if greece's bond buy-back program would be effective. at thursday's meeting they endorsed the buy back plan of the depreciated bonds. they will repurchase bonds from the private sector at a third of their face value. the ministers agreed on a separate loan of nearly $20 billion for greece by thend of next march. loans to greece were suspended for the past six months. >> today's decision on the greek pac
in australia the benchmark index is trading flat, 4,585. we'll see where china related markets take us when they open over the next hour. >>> finance ministers from the 17 you're yo zone nations have agreed to give an additional loan of nearly $45 billion to greece. they say the debt reduction plan is on its way. the loan will be granted as early as next week. at a meeting last month, the euro zone nation ministers agreed in principle on aid for greece after the government carried out...
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Dec 6, 2012
12/12
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KRCB
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eye 186
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let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung sdi and lg electronics, phillips and technicolor. they say the officials of those companies met a number of times until 2006 to manipulate prices of cathode ray tubes, a component used at the time in tvs and computer monitors. the firms' executives are accused of dividing upuropn markets amongst themselves for ten years. that's the latest in business. here's a check on regional markets.'st in business. here's a check on regional markets.st in business. here's a check on regional markets. >>> delegates at the u.n. conference on climate change are deadlocked over what should succeed th
let's take a look at australia. the benchmark index is lower by about.25%, 4508. let's see where china takes us when they open the next hour. >>> european commission regulators have imposed a fine worth almost $2 billion for running two price-fixing cars sells. they say it's the highest-ever anti-trust penalty in their history. the commission leaders said they fined six companies a total of $1.47 billion euros for anti-competitive behavior. the firms are panasonic and toshiba, samsung...
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Dec 19, 2012
12/12
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KCSMMHZ
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military plans to transfer 9,000 marines to guam, hawaii, australia, and elsewhere. >>> researchers at a thinktank for japan's defense ministry are warning that the chinese navy may start getting active near the disputed senkaku islands. japan controls the islands in the east china sea. china and taiwan claim the islands. the national institute for defense studies released a report on china's security policy, focusing on its recent military expansion at sea. the report says chinese people increasingly regard maritime disputes as infringement on the country's sovereignty and interests. it says the trend is making more difficult to implement cooperative diplomatic policy.i more difficult to implement cooperative diplomatic polic difficult to implement cooperative diplomatic policdif cooperative diplomatic polic di cooperative diplomatic policy. the report says cooperation, china's navy and maritime law enforcement agencies is likely to strengthen not only in the south china sea, but also in the east china sea. the vessels and patrol boats have been around the senkaku islands since septem
military plans to transfer 9,000 marines to guam, hawaii, australia, and elsewhere. >>> researchers at a thinktank for japan's defense ministry are warning that the chinese navy may start getting active near the disputed senkaku islands. japan controls the islands in the east china sea. china and taiwan claim the islands. the national institute for defense studies released a report on china's security policy, focusing on its recent military expansion at sea. the report says chinese...